Layoffs Imminent If British Economy Does Not Improve

A new report indicates that many British businesses face a "make or break" moment.

Employers are facing a "make-or-break moment" as many will have to make job cuts if the economy does not pick up, according to a report.

The survey by the Chartered Institute of Personnel and Development (CIPD) showed that a third of private sector employers had kept on more staff than they needed to avoid losing skills.